Get the clues on trading the Mexican peso!
Tag - mxn
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The USMCA agreement between the US, Canada and Mexico and the new president-elect inauguration were expected to shed some light to the MXN. However, the election of Andres Manuel Lopez Obrador resulted in many uncertainties for the investors and therefore weakened the Mexican peso.
We have come to the second month of 2019 and it’s time to take a deep breath after the crazy run of the year, evaluate what has already happened and make some precisions on the upcoming months.
We discuss the ways of USD/MXN and USD/JPY, as well as the fate of EUR/USD and EUR/JPY ahead of the ECB meeting…
The weekend brought the deal between the United States and Mexico…
On Tuesday, the improved market sentiment supported risky assets such as stocks, emerging-market currencies, and crude oil.
The risk aversion drives the market crazy.
With all this Brexit mess it’s very easy to forget about other currency pairs.
The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting.
USD/MXN is testing levels below 50-week MA and is vulnerable for a slide to the 100-week MA.
Tariff man has done it again.